Clough Capital Partners L P Sells 12,420 Shares of Everest Group, Ltd. $EG

Clough Capital Partners L P trimmed its stake in shares of Everest Group, Ltd. (NYSE:EG) by 30.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 27,865 shares of the company’s stock after selling 12,420 shares during the quarter. Clough Capital Partners L P’s holdings in Everest Group were worth $9,456,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank bought a new stake in shares of Everest Group in the 4th quarter worth approximately $630,277,000. AQR Capital Management LLC grew its position in shares of Everest Group by 70.3% in the 3rd quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock worth $695,275,000 after buying an additional 830,418 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Everest Group by 12,322.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock worth $176,205,000 after buying an additional 515,063 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of Everest Group by 181.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 498,697 shares of the company’s stock worth $169,233,000 after buying an additional 321,376 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its position in shares of Everest Group by 622.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 346,305 shares of the company’s stock worth $117,519,000 after buying an additional 298,391 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors.

Insider Activity at Everest Group

In other news, CEO Jason Keen sold 775 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $351.84, for a total value of $272,676.00. Following the transaction, the chief executive officer directly owned 8,170 shares in the company, valued at $2,874,532.80. The trade was a 8.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is owned by insiders.

Everest Group Stock Down 0.1%

EG stock opened at $337.48 on Thursday. Everest Group, Ltd. has a 1-year low of $302.44 and a 1-year high of $368.29. The business has a fifty day moving average price of $342.41 and a 200-day moving average price of $333.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market capitalization of $13.35 billion, a P/E ratio of 6.86, a P/E/G ratio of 0.52 and a beta of 0.31.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Monday, March 23rd. The company reported $16.08 earnings per share for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%.The firm had revenue of $4.07 billion during the quarter. Equities analysts forecast that Everest Group, Ltd. will post 52.79 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, June 12th. Everest Group’s payout ratio is presently 16.27%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lifted their price objective on Everest Group from $402.00 to $411.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Bank of America lifted their price objective on Everest Group from $430.00 to $454.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a research report on Friday, May 22nd. Wells Fargo & Company raised their target price on Everest Group from $332.00 to $356.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Mizuho raised their target price on Everest Group from $365.00 to $388.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $373.73.

Everest Group Company Profile

Everest Group (NYSE:EG) is a global research and consulting firm specializing in strategic advisory, market intelligence, and data-driven analysis for business process, information technology, and emerging technology services. The company provides insights and benchmarks that help enterprises and service providers optimize digital transformation initiatives, sourcing strategies, and operational performance. Through its proprietary research frameworks and data analytics, Everest Group delivers actionable guidance on areas such as automation, cloud migration, customer experience, and supply chain resilience.

With offerings that span advisory engagements, managed services research, and consulting projects, Everest Group serves multiple industry verticals, including banking and financial services, healthcare, manufacturing, telecommunications, and retail.